2024-05-30 05:32:00 ET
Summary
- The IEA expects peak oil consumption to be reached by 2030, while OPEC forecasts a longer timeline.
- The debate over peak oil consumption is a contentious issue that significantly impacts longer-term opinions on the crude oil markets.
- Reaching peak oil, where global production hits its maximum and begins to decline, would have profound implications for crude oil markets.
By Bob Iaccino
At a Glance
- The IEA expects peak oil consumption to be reached by 2030, while OPEC forecasts a longer timeline
- More futures traders are turning to short-dated options to manage crude oil uncertainty
Read the full article on Seeking Alpha
For further details see:
What The Peak Oil Debate Means For Crude Oil Markets